Gbpaudsignal
GBP/AUD Making Correction, Long Opportunity ComingThis has been due a correction and it is now doing so. This brings the chance to look for a longing position. It is close to 0.382 Fibonacci, just below this could be a good time to buy as it aligns with structure. Need to watch the price action as it could fall to 0.5 Fib as well. Use MACD and EMA's to help judge when the mood is changing back to bullish.
Target is set at the previous high of 1.80159. This aligns with previous support so it is meeting resistance here.
SL is just below 0.5 Fib
GBPAUD--- Weekly Planning- Update LiveDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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POTENTIAL FOR GBPAUD TO FURTHER MOVE BEARISH We saw price break bearish today and recently found support from which we moved bullish , price is now showing great potential to further break bearish once it re-tests the marked region , price potentially going to slow down and reject from this zone and this is what i'll be looking for.